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Adventures in Engineering
The wanderings of a modern ronin.

Ben Cantrick
  Date: 2003-11-29 21:11
  Subject:   Something for the Iraq war cheerleaders to read.
Laurie Garrett's (Pulitzer Prize winning science reporter for Newsday) email from the World Economic Forum in Davos, Switzerland.

I spent a week in Davos, Switzerland at the World Economic Forum. I was awarded a special pass which allowed me full access to not only the entire official meeting, but also private dinners with the likes the head of the Saudi Secret Police, presidents of various insundry countries, your Fortune 500 CEOS and the leaders of the most important NGOs in the world. This was not typical press access. It was full-on, unfettered, class A hobnobbing.


Overall, here is what I learned about the state of our world:

- If the U.S. unilaterally goes to war, and it is anything short of a quick surgical strike (lasting less than 30 days), the economists were
all predicting extreme economic gloom: falling dollar value, rising spot market oil prices, the Fed pushing interest rates down towards zero with
resulting increase in national debt, severe trouble in all countries whose currency is guaranteed agains the dollar (which is just about
everybody except the EU), a near cessation of all development and humanitarian programs for poor countries. Very few economists or ministers of finance predicted the world getting out of that economic funk for minimally five-10 years, once the downward spiral ensues.


Guess why the economy is fucked in the ass? Guess.

Oh, of course the pro-war Neo-Cons aren't going to believe that war could possibly be the worst possible thing for business. Not even if the world's most rich and powerful business men say it straight out. After all, Bush's oil buddies are getting rich, right? So who cares if the whole rest of the world is in the toilet.
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